Report: Former aluminum mill CEO misled investors, board
ASHLAND, Ky. (The Independent) — A new report says the former CEO of a Kentucky aluminum company planning to build a plant in Appalachia misled potential investors and the company’s board about the company’s progress. It alleges that Braidy Industries only had $11 million cash on hand in January and would have run out of money by midyear. The report was filed in a legal case brought by former Braidy CEO Craig Bouchard. It says Bouchard also told investors the proposed mill in Ashland could be moved to Mexico. A copy of the report was obtained by the Daily Independent in Ashland.